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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
Indiabulls Real Estate's debt rises 67% to Rs 5,083cr

18-11-2014| Source:PTI

"Change in debt profile, primarily on account of the London acquisition (22 Hanover Square) for a total cash outflow of Rs 1,810 crore (including cash bank guarantee of Rs 180 crore

Eastern Treads: Outcome of board meeting

13-11-2014| Source:Moneycontrol.com

Eastern Treads at its meeting held on November 13, 2014, has also decided the decided to avail the Line of Credit facility up to Rs. 7.5 Crores from IDBI Bank Ltd and to guarantee the repayment

SRS Real Infrastructure: Updates on credit rating by Brickwork Ratings

03-11-2014| Source:Moneycontrol.com

Credit & Term Loan - BWR BBB-<BR><BR>2. Short Term Bank Guarantee - BWR A3

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